Lebanon, TN

Average · 97

Tennessee · Population 41,951 · Updated March 2026

$1,210
Median Rent / Month
$71,320
Median Income
$359,300
Median Home Value
$1,286
Owner Costs / Month

Affordability

How far your income goes in Lebanon

20.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Tennessee

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
7.0%
Sales Tax
0.64%
Property Tax Rate

Estimated Annual Costs

$14,520
Annual Rent
$0
State Income Tax
$2,300
Property Tax (est.)

Cost of Living Overview

Lebanon has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 97 (where 100 equals the national median), Lebanon residents can expect to pay median rent of $1,210/month while earning a median household income of $71,320/year.

The median home value in Lebanon, TN is $359,300, with typical monthly owner costs around $1,286 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Tennessee has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 7.0% sales tax rate and 0.64% effective property tax rate, the overall tax environment helps keep costs manageable in Lebanon.

Frequently Asked Questions

Common questions about living costs in Lebanon

What is the cost of living in Lebanon, TN?
The cost of living index in Lebanon, TN is 97 (US average = 100). Median monthly rent is $1,210, median household income is $71,320/year, and the median home value is $359,300.
Is Lebanon, TN affordable?
Yes, Lebanon is more affordable than the national average with a cost index of 97. The rent-to-income ratio is 20.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lebanon, TN?
The median gross rent in Lebanon, TN is $1,210 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,520.
What is the median household income in Lebanon?
The median household income in Lebanon, TN is $71,320 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Tennessee?
Tennessee has a top income tax rate of 0%, a sales tax of 7.0%, and an effective property tax rate of 0.64%. Notably, there is no state income tax.